Bank Alfalah Limited, a leading commercial bank in Pakistan,
has achieved two notable milestones by inaugurating its 1000th branch and
surpassing PKR 2 trillion in deposits. These accomplishments underscore the
bank's enduring commitment to growth and solidify its position as a prominent
player in the country's banking sector.
The journey began over 26 years ago in 1997 when investors
from Abu Dhabi, led by Chairman Sheikh Nahayan Mabarak Al Nahayan, acquired
three branches of Habib Credit and Exchange Bank Limited. Renamed 'Bank
Alfalah,' the institution prioritized innovation and customer-centricity,
contributing to its substantial growth over two decades.
Bank
Alfalah Limited and J.P. Morgan join hands to introduce inward remittance
service in Pakistan
Surpassing PKR 2 trillion in deposits was achieved within
two and a half years after reaching the PKR 1 trillion mark, showcasing the
bank's resilience amid challenging economic conditions. Chairman Sheikh Nahayan
Mabarak Al Nahayan expressed pride in realizing the dream of transforming
Pakistan's banking sector, emphasizing the enduring values of
customer-centricity and innovation.
Atif Bajwa, President and CEO of Bank Alfalah, highlighted
the bank's commitment to excellence and digital innovation. The bank excels in
various banking services, including Commercial, Retail, Islamic, Corporate
Investment, and Digital banking. Bank Alfalah's dedication extends to corporate
social responsibility, as it became the largest donor to communities affected
by floods in 2022.
Bank
Alfalah's commitment: Rs 970 million disbursed for flood-impacted communities
The bank is a pioneer in digital banking, offering diverse
services to enhance customers' financial management experiences. Initiatives
like 'Pakistan's First Digital Lifestyle Branch' and the 'Digital Payment-Sales
and Service Centres' emphasize the bank's commitment to integrating digital
innovation into daily life and empowering small businesses for automated
payments. Bank Alfalah remains at the forefront of innovation, contributing to
the growth of financial inclusion in Pakistan.
Source: Pro Pakistani